🗳️Democratic Party 2024 Campaign Platform: Bitcoin is absent, will voters buy it?
👋On August 18, the Democratic Party released their 2024 campaign platform. This 92-page document gives a detailed introduction to the Democratic Party's future political plans. However, unlike the Republican Party, the Democratic Party's platform does not mention Bitcoin or cryptocurrency.
🤔This platform does mention some issues that voters care about, such as how to reduce housing costs and how to deal with climate change. They also plan to make the rich and companies pay more taxes, which may affect all investors, including those who have Bitcoin.
👀It is worth noting that this platform was written before Biden announced that he would not participate in the 2024 presidential election, so it mainly praises the work of the Biden administration. However, this platform does not directly tell us how the Democratic Party will deal with the issue of cryptocurrency if Harris becomes president.
💡Adam Cochran, partner at Cinneamhain Ventures, believes that the Democrats' silence on cryptocurrencies may be a signal that under Harris' leadership, the Democratic Party may take a more friendly attitude towards cryptocurrencies.
🤷♂️In contrast, the Republicans have made their support for cryptocurrencies clear in their platform, promising to protect Americans' rights to hold and mine Bitcoin. Trump, the Republican presidential candidate, previously attended a Bitcoin conference and promised to establish a national Bitcoin reserve and to kick out those who are unfriendly to cryptocurrencies from the U.S. Securities and Exchange Commission (SEC).
🗣️ So, the fact that the Democratic Party does not mention Bitcoin in its campaign platform may mean that they are more cautious about cryptocurrencies or are still waiting to see. This may be a little worrying for voters who hold Bitcoin or are interested in cryptocurrencies.
🤷♂️On the other hand, the Republicans have shown a positive attitude towards cryptocurrencies, which may attract voters who want to see the government be more open and supportive of new technologies.
👇Do you think the Democratic Party will change its attitude towards cryptocurrencies? Share your thoughts in the comments section!
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